EPack Prefab Technologies Launches ₹504-Crore IPO with ₹194-204 Price Band
EPack Prefab Technologies opens its IPO for subscription from September 24-26, aiming to raise ₹504 crore. The price band is set at ₹194-204 per share with a lot size of 73 shares. The IPO includes a fresh issue of ₹300 crore and an offer for sale of ₹204 crore. The company raised ₹151.20 crore from anchor investors pre-IPO. Funds will be used for new facility establishment, expansion of existing operations, and debt repayment. Share allotment is expected on September 29, with listing scheduled for October 1.
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EPack Prefab Technologies, a provider of Pre-Engineered Building solutions, has opened its Initial Public Offering (IPO) for subscription, aiming to raise ₹504 crore from the market. The IPO, which will remain open from September 24 to September 26, offers shares priced between ₹194 and ₹204 per share.
IPO Details
| Aspect | Details |
|---|---|
| Issue Size | ₹504 crore |
| Price Band | ₹194 - ₹204 per share |
| Lot Size | 73 shares |
| Subscription Period | September 24-26 |
IPO Structure
The IPO comprises two components:
- Fresh issue of shares worth ₹300 crore
- Offer for sale by promoters amounting to ₹204 crore
Anchor Investment
Prior to the public offering, EPack Prefab Technologies successfully raised ₹151.20 crore from 16 anchor investors at ₹204 per share. Notable investors include:
- Citigroup Global Markets Mauritius
- Morgan Stanley Asia
- WhiteOak Capital Mutual Fund
Utilization of Funds
The company plans to use the proceeds from the fresh issue for the following purposes:
- Establishing a new manufacturing facility in Rajasthan (₹101.62 crore)
- Expanding existing operations in Andhra Pradesh (₹58.10 crore)
- Repaying debt (₹70.00 crore)
About EPack Prefab Technologies
Established in 1999, EPack Prefab Technologies specializes in providing Pre-Engineered Building solutions. The company's infrastructure includes:
- Three manufacturing facilities
- Three design centers
IPO Timeline
| Event | Date |
|---|---|
| Share Allotment | Expected on September 29 |
| Listing Date | Scheduled for October 1 |
Investors interested in participating in this IPO should conduct their due diligence and consider the company's financials, growth prospects, and industry position before making an investment decision.
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